2 ways to trade #Reliance on the long side

Reliance seems to be in a 4th Wave Elliotwave triangle. An agressive trader could go long now with a SL below the wave e ( red line) . A conservative trader could wait for the blue line above to be broken ( wave d high) and then enter. Thrusts out of triangles are swift and sharp
4thwaveChart PatternsRELIANCEtraingleWave Analysis

Michael @ SolomonsView

Twitter - @SolomonsView
Also on:

Disclaimer